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Infosys Announces Results for the Quarter Ended December 31, 2012

(Canada Newswire Via Acquire Media NewsEdge) Q3 Revenues Grow by 6.3% Quarter on Quarter
BANGALORE, India, Jan. 11, 2013 /CNW/ -
Financial Highlights
Consolidated results under International Financial Reporting Standards
(IFRS) for the quarter ended December 31, 2012
Revenues were $1,911 million for the quarter ended December 31, 2012;
QoQ growth was 6.3% YoY growth was 5.8%
Revenues excluding Lodestone were $1,872 million; QoQ growth was 4.2%
YoY growth was 3.7%
Net income after tax was $434 million for the quarter ended December 31,
2012 against $431 million for the quarter ended September 30, 2012
Earnings per American Depositary Share (EPADS) was $0.76 for the quarter
ended December 31, 2012 against $0.75 for the quarter ended September
30, 2012
Liquid assets including cash and cash equivalents, current
available-for-sale financial assets, investment in certificates of
deposits and government bonds were $4.1 billion versus $4.3 billion as
on September 30, 2012
Other highlights:
The company won 8 large outsourcing deals amounting to US$ 731 million
of total contract value
14 new wins for Infosys' products and platforms
Infosys and its subsidiaries added 53 clients during the quarter
Gross addition of 7,499 employees (net addition of 977) for the quarter
by Infosys and its subsidiaries.

155,629 employees as on December 31, 2012 for Infosys and its
subsidiaries
Completed the acquisition of Lodestone Holding AG, a leading management
consultancy based in Switzerland
Infosys American Depositary Shares (ADS) have started trading on the New
York Stock Exchange (NYSE) under the ticker symbol 'INFY'. The company
is in the process of listing its ADS on the Paris and London exchanges
of NYSE Euronext.

"We have done well in this quarter despite an uncertain environment,"
said S. D. Shibulal, CEO and Managing Director. "We continue to gain
confidence from a strong pipeline of large deals. However, the broader
economic environment remains difficult. Even so, we remain cautiously
optimistic about the January-March quarter," he added.

"We were able to maintain our margins through efficiency improvements
despite increased operating expenses. We remain focused on making the
right investments for profitable and sustainable growth in the longer
term," said Rajiv Bansal, Chief Financial Officer.
Outlook*
The company's outlook (consolidated) for the fiscal year ending March
31, 2013, under IFRS is as follows:
Revenues** are expected to be at least $7,450 million;
Earnings per American Depositary Share (EPADS) is expected to be at
least $2.97;
* Exchange rates considered for major global currencies: AUD / USD - 1.04;
GBP / USD - 1.62; Euro / USD - 1.32 for rest of fiscal 2013
** Includes $104 million from Lodestone
Business Highlights
The company won 8 large outsourcing deals amounting to US$ 731 Mn of
total contract value
Our offerings in the Products and Platforms space continue to see good
momentum. This quarter we had 14 wins across industries and
geographies. Infosys products and platforms (excluding Finacle™) are
now adopted by more than 70 global clients.

A Blue Cross Blue Shield Plan selected us as a strategic partner to
provide enterprise-wide testing services and establish a Test CoE
within its IT organization, aimed at creating testing processes and
frameworks to support the company's ongoing transformation due to US
healthcare reform. Another Blue Cross Blue Shield Plan is leveraging
Infosys iTransform™ product and services to help its ICD-10 migration,
mandated by the U.S. federal government.

Our focus on Cloud as a new growth area continues to yield results and
the Cloud business currently has more than 190 engagements and 3,500
experts. Over the last quarter, we won more than 15 engagements across
Cloud services, Big Data and Security. Our vision of being a Cloud
Ecosystem Integrator has gained increasing acceptance with clients and
we are working with more than 30 partners to help clients create and
manage their unified hybrid cloud environments.

During the third quarter, Infosys applied for seven patent applications
in India and the U.S. With this, it has 525 patent applications in
India, the U.S. and other jurisdictions, and has been granted 71
patents by the United States Patent and Trademark Office and two
patents by the Luxembourg patent office.

Awards and Recognition
Infosys has been consistently honored by influencers
We were declared the winners of 2012 Asia's Most Admired Knowledge
Enterprises (MAKE) study by Teleos, in association with The KNOW
Network for the 10th time, for developing knowledge based products and services.

Infosys BPO Ltd. has been awarded the prestigious 2012 Optimas Award for
'Managing Change', recognizing exemplary achievements in workforce
management and for successfully integrating new employees from around
the globe into the organization.

Infosys BPO Ltd. won the Gold Award for Marketing Excellence in the
category of 'Marketing with Social and Interactive Media' at the
Information Technology Services Marketing Association (ITSMA) Awards
2012.

We have received the Microsoft Platform Modernization Award for sales
achievement for our Legacy Modernization solution, which helps
customers migrate to Microsoft platforms.

We were awarded the National Energy Conservation Award 2012 for our
energy conservation efforts at our campuses in Jaipur and Pune.

We have been awarded the global No. 1 position for our corporate
governance practices by IR Global Rankings (IRGR).

Finacle™ from Infosys has been ranked as a long-term leader in The
Forrester Wave™: Global Banking Platforms, Q4 2012
About Infosys Ltd
Infosys partners with global enterprises to drive their innovation-led
growth. That's why Forbes ranked Infosys 19th among the top 100 most
innovative companies. As a leading provider of next-generation
consulting, technology and outsourcing solutions, Infosys helps clients
in more than 30 countries realize their goals.

Visit http://www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, is Building
Tomorrow's Enterprise® today.

Safe Harbor
Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in earnings,
fluctuations in foreign exchange rates, our ability to manage growth,
intense competition in IT services including those factors which may
affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns
on fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete and
integrate potential acquisitions, liability for damages on our service
contracts, the success of the companies in which Infosys has made
strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal
restrictions on raising capital or acquiring companies outside India,
and unauthorized use of our intellectual property and general economic
conditions affecting our industry. Additional risks that could affect
our future operating results are more fully described in our United
States Securities and Exchange Commission filings including our Annual
Report on Form 20-F for the fiscal year ended March 31, 2012 and on
Form 6-K for the quarter ended December 31, 2011, June 30, 2012 and
September 30, 2012. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company's filings with the Securities and Exchange Commission and our
reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on
behalf of the company.